News & Press

News, insight and analysis for the California construction industry.

FMI’s recently released “U.S. Construction Outlook: Second Quarter 2019 Report” forecasts total engineering and construction spending for the U.S. to end the year up 1 percent in 2019, compared to a gain of 4 percent in 2018.

The limited supply of skilled craftworkers was overwhelmingly rated to be the biggest current risk that is facing the construction industry, while an economic slowdown is the biggest future risk cited by participants in the recently released “2019 AGC/FMI Risk Management Survey.”

The engineering and construction market sector saw a record level of merger and acquisition (M&A) activity in 2018, including a 25 percent increase over the year prior, according to a report just released by FMI Corporation.

In its recently released “3rd Quarter Construction Outlook” for 2018, industry consultant FMI Corporation projects that total engineering and construction spending for the U.S. will end up 6 percent higher in 2018 compared to 5 percent growth in 2017.